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Economy surges 6.4 % in the first-quarter

GDP, U.S. Economy



The U.S. Gross domestic product continued to grow at very solid pace during the January-through-March period,
Gross domestic product grew in double digits in first-quarter by 6.4 % to $22,049 billions, an increase from $21,495 billions in the forth-quarter on the seasonally adjusted basis, led by 10.7 % increase in consumer spending, adding 7 of a percentage point to GDP, reported by the U.S. Commerce Department.
A slew of recent economic data point to continued economic strength during the first-quarter, Economists continue to debate whether the economy could maintain its current pace of growth.
The newly revised growth numbers reinforce the view that the economy remains in a very strong state. Salaries and Worker wages grew by 1.66 % quarterly.
U.S. GDP rose by 0.4 % over the past 12 months, led by growth in consumer and government spending.


Government spending soared by 6.30 %, state and local government spending rose 1.70 % up from -0.80 % in previous period, government spending contributed 1 of a percentage point to growth.

The second estimate of GDP incorporates more data from the private sector and provides a more accurate measure of growth than the initial report. The revision is also the first to include data on business earnings.


Consumer spending grew in double digits in first-quarter by 10.7 %
With estimated annual rate of $15,041 billions, seasonally adjusted in the forth-quarter, consumer spending accounts for 69.98 % of economic activity on the seasonally adjusted basis, led by 6.24 % increase in spending on recreation, reported by the U.S. Commerce Department.
Spending on U.S. made Goods increased by 14.4 %, where consumption of Durable Goods grew by 41.4 %, driven by higher sales of furniture and household equipment.
Growth in nondurable goods of 4.6 %, was helped by improving consumption gasoline and other energy goods, up 22.35 %.
U.S. Sevice sector grew faster than gross national product by 23.6 %, led by 6.24 % increase in spending on recreation. Consumer spending for services accounts for 67.81% of total speding and 45.86% of total GDP.

Final sales for domestic product, considered a measure of domestic demand because it excludes inventories and trade, jumped at a 9.2 % rate in the first-quarter after rising 2.9 % in the forth-quarter.


More on U.S. Real Gross Domestic Product


Contributions to Percent Change in Real GDP
7.02% -0.87% 1.12% -0.06%
 
 
   Investments
Investments faded in first-quarter by -5.00 % to $3,902 billions, despite the increase in Gross national product on the seasonally adjusted basis, reported by the U.S. Commerce Department.
Liquidation of inventory from January-through-March acted as a major drag on growth, but that liquidation will set the stage for stronger growth later after companies have brought supply back in line with demand.




 

    International Trade    Diversified
U.S. growth would have been even faster if imports, which subtract from GDP, hadn't increased sharply: Imports rose 5.70 % from 29.80 % in the first-quarter.





Relation of U.S. GDP, U.S. GNP
Corporate Profits by Industry
   







Quarters seasonally adjusted
(At annual rates Q / Q, in %)
I Quarter
2021
rev.
IV Quarter
2020
adv.
III Quarter
2020
final
II Quarter
2020
rev.
I Quarter
2020
adv.
IV Quarter
2019
final
Gross domestic product (GDP)
6.4 % 4.3 % 33.4 % -31.7 % -5 % 2.1 %
  Personal consumption expenditures
10.7 % 2.3 % 41 % -34.1 % -6.8 % 1.7 %
    Goods
14.4 % -1.6 % 31.1 % -14.9 % 8 % -0.3 %
    Durable goods
41.4 % -1.1 % 82.7 % -1.3 % -13.8 % 2.6 %
    Nondurable goods
4.6 % 4.3 % 38 % -43.1 % -9.8 % 2.2 %
    Services
23.6 % -1.4 % 47.2 % -10.6 % 0.2 % 0.7 %
             
  Gross private domestic investment
-5 % 27.8 % 86.3 % -46.2 % -10.2 % -6 %
    Fixed investment
10.1 % 18.6 % 31.3 % -28.9 % -1.3 % -0.5 %
    Nonresidential
9.9 % 13.1 % 22.9 % -26 % -6.4 % -2.3 %
    Structures
-4.8 % -6.2 % -17.4 % -33.4 % 2.6 % -8.1 %
    Equipment & software
16.7 % 25.4 % 68.2 % -35.9 % -16.6 % -4.4 %
    Residential
10.8 % 36.6 % 63 % -37.9 % 18.2 % 6.2 %
    Change in private inventories
- % - % - % - % - % - %
             
  Net exports of goods and services            
    Exports
-1.1 % 22.3 % 59.6 % -63.2 % -9 % 2 %
      Goods
-0.9 % 31.1 % 104.3 % -66.3 % -1.9 % -0.5 %
      Services
-1.5 % 5.2 % -0.5 % -56.9 % -21.1 % 7.1 %
    Imports
5.7 % 29.8 % 93.1 % -54 % -15.7 % -8.6 %
      Goods
5.5 % 31 % 110.2 % -49.5 % -12.2 % -11.5 %
      Services
6.5 % 23.8 % 24.9 % -69.7 % -28.6 % 4.6 %
             
Govt. consumption exp. & gross investment
6.3 % -0.8 % -4.8 % 2.8 % 1.1 % 2.6 %
    Federal
13.9 % -0.9 % -6.2 % 17.6 % 2 % 3.8 %
    National defense
-3.4 % 4.8 % 3.2 % 4.2 % 1.1 % 5.3 %
    Nondefense
44.8 % -8.9 % -18.3 % 40.1 % 3.3 % 1.7 %
    State & local
1.7 % -0.8 % -3.9 % -5.5 % 0.5 % 1.9 %
             
Addenda:            
  Final sales of domestic product
9.2 % 2.9 % 25.9 % -28.5 % -3.5 % 3.1 %
  Gross domestic purchases
7.1 % 5.7 % 37.3 % -30.8 % -6.1 % 0.5 %
  Final sales to domestic purchasers
9.8 % 4.4 % 29.8 % -27.6 % -4.6 % 1.5 %
  Gross national product (GNP)
- % 4.2 % 34.6 % -32.9 % -5.6 % - %
  Disposable personal income
61.3 % -10.1 % -16.3 % 47 % 0.9 % 1.7 %
             
Current-dollar measures:            
  GDP
10.7 % 6.3 % 38.3 % -33.3 % -3.4 % 3.5 %
  Final sales of domestic product
13.8 % 5.1 % 30.2 % -29.8 % -2.2 % 4.4 %
  Gross domestic purchases
14.1 % 6.2 % 33.9 % -28.6 % -3.1 % 2.9 %
  Final sales to domestic purchasers
14.4 % 7.1 % 43.7 % -33.9 % -4.5 % 2.5 %
  GNP
- % 6.2 % 39.6 % -34.5 % -4.1 % - %
  Disposable personal income
67 % -8.8 % -13.2 % 44.4 % 2.2 % 3 %
             








Quarters seasonally adjusted
(Quarterly Y / Y, in %)
I Quarter
2021
rev.
IV Quarter
2020
adv.
III Quarter
2020
final
II Quarter
2020
rev.
I Quarter
2020
adv.
IV Quarter
2019
final
Gross domestic product (GDP)
0.4 % -2.4 % -2.8 % -9.1 % 0.3 % 2.3 %
  Personal consumption expenditures
1.6 % -2.7 % -2.8 % -10.5 % 0.6 % 2.6 %
    Goods
5.8 % 4.1 % 4.3 % -1.7 % 4.4 % 3 %
    Durable goods
25.9 % 11.6 % 12.8 % -1.4 % 2 % 5.9 %
    Nondurable goods
-3.2 % -6.8 % -7.3 % -14.5 % -0.8 % 2 %
    Services
12.5 % 6.7 % 7.2 % -1.6 % 3.6 % 4 %
             
  Gross private domestic investment
4.8 % 3.7 % -3.4 % -16.8 % -5.9 % -1.9 %
    Fixed investment
5 % 2.1 % -1.9 % -7.7 % -1 % 0.1 %
    Nonresidential
2.7 % -1.4 % -4.5 % -8.5 % -3.1 % -0.3 %
    Structures
-16.4 % -16.1 % -15.9 % -10.9 % -6.5 % -6.5 %
    Equipment & software
12.1 % 3.5 % -2.6 % -14.9 % -6.2 % -1.9 %
    Residential
12.3 % 14.3 % 7.2 % -4.9 % 6.3 % 1.6 %
    Change in private inventories
- % - % - % - % - % - %
             
  Net exports of goods and services            
    Exports
-8.9 % -10.9 % -14.6 % -23.2 % -3 % 0.3 %
      Goods
-3.1 % -3.6 % -9.3 % -23.3 % -1.6 % - %
      Services
-19.7 % -23.9 % -24 % -23.2 % -5.7 % 0.9 %
    Imports
5 % -0.6 % -8.6 % -22.4 % -5.8 % -2.2 %
      Goods
10 % 5.3 % -4 % -20.1 % -5.8 % -3.4 %
      Services
-16.1 % -24.1 % -27.9 % -31.8 % -6.1 % 3.3 %
             
Govt. consumption exp. & gross investment
0.7 % -0.5 % 0.3 % 2.1 % 2.5 % 3 %
    Federal
5.4 % 2.4 % 3.6 % 6.8 % 4.2 % 4.4 %
    National defense
2 % 2.9 % 3.3 % 4 % 2.7 % 4.6 %
    Nondefense
10.4 % 1.7 % 4.1 % 10.9 % 6.4 % 4.1 %
    State & local
-2.1 % -2.3 % -1.7 % -0.7 % 1.5 % 2.2 %
             
Addenda:            
  Final sales of domestic product
0.4 % -2.7 % -2.6 % -7.6 % 1.2 % 2.7 %
  Gross domestic purchases
2 % -1.2 % -2.4 % -9.4 % -0.2 % 1.9 %
  Final sales to domestic purchasers
0.4 % -2.7 % -2.6 % -7.6 % 1.2 % 2.7 %
  Gross national product (GNP)
- % -2.7 % -3.1 % -9.7 % 0.3 % - %
  Disposable personal income
15.5 % 3.1 % 6.8 % 11.9 % 1.7 % 2.4 %
             
Current-dollar measures:            
  GDP
- % - % - % - % - % - %
  Final sales of domestic product
- % - % - % - % - % - %
  Gross domestic purchases
- % - % - % - % - % - %
  Final sales to domestic purchasers
- % - % - % - % - % - %
  GNP
- % - % - % - % - % - %
  Disposable personal income
- % - % - % - % - % - %
             



U.S. Real Gross Domestic Product and Related Measures

GDP, U.S. Economy in Billions of U.S. dollars




Quarters seasonally adjusted
(At annual rates, in Billions of Dollars)
I Q. 2021

rev.
IV Q. 2020

adv.
III Q. 2020

final
II Q. 2020

rev.
I Q. 2020

adv.
IV Q. 2019

final
Gross domestic product (GDP)
22,048.9 21,494.7 21,170.3 19,486.5 21,539.7 21,726.8
  Personal consumption expenditures
15,041.1 14,537.0 14,401.5 13,046.7 14,583.3 14,789.3
    Goods
5,183.5 4,852.4 4,868.4 4,364.3 4,550.1 4,559.8
     Durable goods
1,910.9 1,748.1 1,753.0 1,480.1 1,485.1 1,546.9
       Motor vehicles & parts
645.3 587.0 585.0 486.5 493.6 541.1
       Furniture & household equipment
445.5 403.5 407.6 351.8 354.6 356.3
       Other
258.7 235.1 234.8 169.6 214.0 225.9
               
     Nondurable goods
3,272.6 3,104.3 3,115.4 2,884.2 3,065.0 3,012.9
       Food off-premises consumption
1,181.9 1,138.7 1,147.0 1,135.8 1,120.4 1,041.5
       Clothing & shoes
418.0 380.1 380.0 288.6 362.5 400.5
       Gasoline, fuel, oil & other energy goods
307.1 251.0 248.4 190.4 313.0 342.9
       Other
1,365.6 1,334.6 1,340.0 1,269.4 1,269.1 1,228.0
               
    Services
9,857.7 9,684.6 9,533.2 8,682.4 10,033.2 10,229.4
      Housing
9,397.1 9,198.6 9,039.0 8,111.5 9,506.9 9,770.1
      Food services
865.4 815.9 824.7 613.2 948.4 1,035.8
      Electricity & gas
2,842.8 2,819.3 2,799.3 2,781.6 2,730.4 2,708.9
      Financial services
1,253.3 1,233.8 1,212.9 1,180.9 1,183.4 1,178.6
      Transportation
379.8 364.6 362.2 294.7 451.7 487.4
      Medical care
2,507.3 2,458.0 2,369.4 1,991.7 2,422.1 2,510.4
      Recreation
428.8 403.6 390.5 274.3 551.6 598.5
      Other
1,119.7 1,103.4 1,080.0 975.1 1,219.3 1,250.6
               
  Gross private domestic investment
3,901.8 3,926.3 3,688.2 3,134.2 3,629.0 3,699.2
    Fixed investment
3,992.0 3,866.2 3,689.0 3,432.1 3,679.5 3,681.3
      Nonresidential
2,948.3 2,875.9 2,787.4 2,658.0 2,822.6 2,863.7
      Structures
547.4 548.8 557.4 585.0 615.3 608.1
      Equipment & software
1,319.8 1,266.2 1,202.0 1,057.2 1,172.4 1,224.1
      Information processing equipment & software
489.9 456.1 443.4 401.6 388.7 406.8
      Computers & peripheral equipment
84.8 83.5 81.3 85.5 93.2 94.1
      Software
450.8 440.6 429.4 423.8 431.2 421.5
      Other
545.5 536.8 517.2 506.6 510.5 515.9
      Industrial equipment
271.2 264.7 249.5 238.8 245.5 249.3
      Transportation equipment
280.8 268.4 238.3 175.9 272.4 296.1
      Other equipment
277.8 277.0 270.8 240.9 265.8 271.9
      Residential
1,043.7 990.3 901.6 774.0 856.8 817.6
               
    Change in private inventories
-90.1 60.1 -0.8 -297.9 -50.4 17.9
      Farm
3.3 5.3 3.2 -1.4 0.1 -4.3
      Nonfarm
-93.4 54.8 -4.0 -296.5 -50.5 22.2
               
 Net exports of goods & services
-847.0 -803.7 -736.1 -536.8 -524.7 -577.4
    Exports
2,305.3 2,210.1 2,071.6 1,798.5 2,420.9 2,497.5
      Goods
1,618.8 1,530.6 1,407.1 1,134.7 1,599.1 1,629.4
      Services
686.5 679.5 664.5 663.8 821.8 868.1
               
    Imports
3,152.3 3,013.8 2,807.7 2,335.3 2,945.6 3,074.9
      Goods
2,681.4 2,553.4 2,375.2 1,928.9 2,379.0 2,458.8
      Services
470.9 460.4 432.5 406.5 566.6 616.0
               
 Govt. consumption exp. & investment
3,953.0 3,835.2 3,816.6 3,842.4 3,852.0 3,815.7
    Federal
1,557.0 1,493.4 1,487.0 1,509.2 1,460.2 1,451.9
      National defense
905.8 904.4 887.7 877.6 866.0 864.1
        Consumption expenditures
713.1 712.0 700.1 688.3 695.4 687.9
        Gross investment
192.8 192.4 187.7 189.3 170.7 176.2
      Nondefense
651.2 588.9 599.3 631.7 593.8 587.7
        Consumption expenditures
493.3 430.9 440.9 479.3 451.0 445.1
        Gross investment
157.8 158.1 158.4 152.4 143.2 142.6
    State and local
418.0 2,341.7 2,329.6 2,333.1 2,391.8 2,363.8
      Consumption expenditures
1,939.0 1,883.6 1,881.2 1,884.6 1,948.3 1,930.6
      Gross investment
456.9 458.1 448.4 448.6 443.5 433.2
               
Addenda:            
Final sales of domestic product
22,139.0 21,434.7 21,171.1 19,784.4 21,590.1 21,708.9
Gross domestic purchases
22,895.9 22,298.5 21,906.4 20,023.3 22,064.4 22,304.2
Final sales to domestic purchasers
22,986.1 22,238.4 21,907.2 20,321.2 22,114.8 22,286.3
Gross national product
- 21,704.6 21,381.6 19,672.0 21,804.3 -
Net domestic product
18,375.4 17,874.0 17,597.9 15,951.3 17,988.4 18,209.3



Annual U.S. Real Gross Domestic Product and Related Measures




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Quarters seasonally adjusted
(At annual rates Q / Q, in %)
2020

2019

2018

2017

2016

2015

Gross domestic product (GDP)
-3.5 % 2.2 % 2.9 % 2.2 % 1.5 % 2.6 %
  Personal consumption expenditures
-3.9 % 2.4 % 2.6 % 2.5 % 2.7 % 3.2 %
    Goods
2.6 % 3.1 % 2.8 % 2.1 % 2.8 % 2.6 %
    Durable goods
3.9 % 3.7 % 3.7 % 3.7 % 3.7 % 4 %
    Nondurable goods
-7.3 % 1.8 % 2.1 % 2 % 2.3 % 2.8 %
    Services
-5.2 % 1.7 % 5.9 % 4.8 % -1.6 % 5 %
             
  Gross private domestic investment
6.3 % 4.8 % 5.5 % 6.8 % 5.5 % 6.9 %
    Fixed investment
-4 % 2.9 % 6.9 % 5.3 % -0.6 % 2.1 %
    Nonresidential
-11 % -0.6 % 5 % 4.6 % -4.1 % -4.4 %
    Structures
-5 % 2.1 % 7.4 % 6.1 % -3.4 % 3.5 %
    Equipment & software
1.7 % 6.4 % 7.5 % 4.6 % 6.3 % 4.8 %
    Residential
6.1 % -1.7 % -0.3 % 3.3 % 5.5 % 11.7 %
    Change in private inventories
- % - % - % - % - % - %
             
  Net exports of goods and services            
    Exports
-12.9 % -0.1 % 4 % 3 % -0.3 % 0.1 %
      Goods
-9.5 % -0.1 % 4.7 % 3.3 % 0.3 % -0.6 %
      Services
-19.2 % -0.1 % 2.6 % 2.5 % -1.5 % 1.6 %
    Imports
-9.3 % 1.1 % 4.5 % 4.6 % 1.3 % 4.6 %
      Goods
-6 % 0.5 % 4.8 % 4.6 % 0.9 % 4.9 %
      Services
-22.5 % 3.7 % 3.3 % 4.4 % 3.1 % 2.9 %
             
Govt. consumption exp. & gross investment
1.1 % 2.3 % 1.5 % -0.1 % 0.8 % 1.8 %
    Federal
4.3 % 4 % 2.6 % 0.7 % - % - %
    National defense
3.5 % 5.6 % 3.4 % 0.7 % -0.7 % -2.1 %
    Nondefense
5.6 % 1.8 % 1.5 % 0.8 % 1.2 % 3.3 %
    State & local
-0.8 % 1.3 % 0.8 % -0.5 % 1.2 % 2.9 %
             
Addenda:            
  Final sales of domestic product
-2.9 % 2.2 % 2.7 % 2.2 % 1.9 % 2.4 %
  Gross domestic purchases
-3.3 % 2.3 % 3 % 2.5 % 1.7 % 3.2 %
  Final sales to domestic purchasers
-2.7 % 2.3 % 2.9 % 2.5 % 2.1 % 3.1 %
  Gross national product (GNP)
-3.8 % 2 % 2.9 % 2.3 % 1.4 % 2.3 %
  Disposable personal income
5.8 % 2.2 % 2.9 % 2.6 % 1.4 % 3.5 %
             
Current-dollar measures:            
  GDP
-2.3 % 4 % 5.2 % 4.2 % 2.8 % 3.7 %
  Final sales of domestic product
-1.8 % 4 % 5 % 4.2 % 2.1 % 3.6 %
  Gross domestic purchases
-2.1 % 3.9 % 5.3 % 4.2 % 2.5 % 3.7 %
  Final sales to domestic purchasers
-1.5 % 3.9 % 5.1 % 4.8 % 3.5 % 3.8 %
  GNP
-2.6 % 3.9 % 5.2 % 4.3 % 2.7 % 3.4 %
  Disposable personal income
7 % 3.7 % 5 % 4.4 % 2.6 % 3.8 %
             





Annual U.S. GDP
(In Billions of Dollars)
2020

 
2019

 
2018

 
2017

 
2016

 
2015

 
Gross domestic product (GDP)
20,936.6 21,433.2 21,427.1 20,580.2 18,624.5 18,036.6
  Personal consumption expenditures
14,145.3 14,544.6 14,561.2 13,998.7 12,820.7 12,283.7
    Goods
4,658.8 4,512.2 4,505.3 4,364.8 4,121.4 4,012.1
     Durable goods
1,619.0 1,534.4 1,526.6 1,475.6 1,411.0 1,355.2
       Motor vehicles & parts
535.3 521.8 531.2 521.5 480.8 464.8
       Furniture & household equipment
380.6 357.4 353.7 341.2 325.2 305.1
       Other
212.7 221.7 224.1 218.3 385.5 376.6
               
     Nondurable goods
3,039.8 2,977.9 2,978.6 2,889.2 2,710.4 2,656.9
       Food off-premises consumption
1,133.9 1,025.7 1,032.4 1,003.4 915.1 900.7
       Clothing & shoes
353.6 403.5 398.9 391.5 393.7 379.5
       Gasoline, fuel, oil & other energy goods
249.5 335.4 338.0 349.6 273.7 303.7
       Other
1,302.8 1,213.3 1,209.3 1,144.6 1,126.1 1,076.9
               
    Services
9,486.5 10,032.4 10,055.9 9,633.9 8,699.3 8,271.6
      Housing
8,965.5 9,593.2 9,606.6 9,190.9 8,340.4 7,943.7
      Food services
795.8 999.5 1,019.2 973.3 849.2 808.8
      Electricity & gas
2,784.3 2,681.2 2,670.2 2,567.2 3,022.1 2,963.2
      Financial services
1,207.4 1,176.1 1,156.1 1,111.0 984.7 921.1
      Transportation
366.7 483.4 478.1 462.2 392.5 368.4
      Medical care
2,307.9 2,450.8 2,467.9 2,352.6 2,163.7 2,069.0
      Recreation
405.2 580.4 586.9 563.2 492.6 466.3
      Other
1,098.2 1,221.8 1,228.4 1,161.3 1,126.1 1,076.9
               
  Gross private domestic investment
3,604.7 3,751.2 3,744.2 3,628.3 3,057.2 3,056.6
    Fixed investment
3,677.6 3,702.1 3,675.9 3,573.6 3,022.1 2,963.2
      Nonresidential
2,792.3 2,895.0 2,878.4 2,786.9 2,316.3 2,311.3
      Structures
584.7 650.2 626.6 633.2 516.2 507.3
      Equipment & software
1,176.7 1,241.0 1,240.9 1,222.6 1,043.9 1,086.1
      Information processing equipment & software
419.7 397.2 412.7 408.6 303.9 314.3
      Computers & peripheral equipment
85.1 90.7 93.0 89.4 73.1 78.5
      Software
429.5 411.2 414.5 380.0 230.8 235.8
      Other
516.3 501.9 503.4 461.7 230.8 235.8
      Industrial equipment
252.0 260.9 252.5 245.9 225.0 220.9
      Transportation equipment
241.1 310.3 301.6 301.8 286.7 308.1
      Other equipment
263.9 272.5 274.1 266.3 228.3 242.9
      Residential
885.2 807.1 797.5 786.7 705.9 651.9
               
    Change in private inventories
-72.8 49.1 68.3 54.7 35.1 93.4
      Farm
1.1 -14.5 -7.6 -7.8 -0.6 -2.0
      Nonfarm
-73.9 63.6 75.8 62.5 35.7 95.4
               
 Net exports of goods & services
-644.8 -610.5 -631.7 -638.2 -521.2 -522.0
    Exports
2,127.1 2,514.8 2,504.2 2,510.3 2,214.6 2,264.3
      Goods
1,418.0 1,636.7 1,643.8 1,661.3 1,446.0 1,498.4
      Services
709.2 878.0 860.4 848.9 768.5 765.9
               
    Imports
2,772.0 3,125.2 3,136.0 3,148.5 2,735.8 2,786.3
      Goods
2,308.6 2,525.6 2,530.1 2,570.6 2,224.2 2,291.1
      Services
463.4 599.6 605.9 577.9 511.6 495.2
               
 Govt. consumption exp. & investment
3,831.3 3,747.9 3,753.5 3,591.5 3,267.8 3,218.3
    Federal
1,484.5 1,419.2 1,423.5 1,347.3 1,231.5 1,225.0
      National defense
885.6 852.4 846.7 793.6 728.9 732.0
        Consumption expenditures
697.9 676.5 677.9 637.4 585.2 590.6
        Gross investment
187.7 175.9 168.8 156.2 143.7 141.3
      Nondefense
598.8 576.8 540.9 516.2 502.6 493.0
        Consumption expenditures
444.6 420.8 436.1 419.5 379.4 373.1
        Gross investment
154.2 146.0 140.6 134.2 123.3 119.9
    State and local
2,346.9 2,328.7 2,330.0 2,244.2 2,036.3 1,993.3
      Consumption expenditures
1,894.4 1,897.8 1,904.5 1,847.4 1,693.6 1,641.2
      Gross investment
452.4 431.0 425.4 396.8 342.7 352.2
               
Addenda:            
Final sales of domestic product
21,009.4 21,384.1 21,358.8 20,525.5 18,589.4 17,943.3
Gross domestic purchases
21,581.4 22,043.7 22,058.8 21,218.4 19,145.7 18,558.6
Final sales to domestic purchasers
21,654.2 21,994.6 21,990.6 21,163.7 19,110.6 18,465.2
Gross national product
21,140.6 21,702.9 21,723.2 20,848.1 15,842.8 15,246.9
Net domestic product
17,377.5 18,012.3 17,964.1 17,288.8 18,624.5 18,036.6




Source: Department of Commerce, BEA.gov


     
       
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